CSU Faculty Voice: Tomorrow: The First Day for the New CSU Foundation

Tuesday, June 30, 2015

Tomorrow: The First Day for the New CSU Foundation

Since we are supposed to have a new CSU Foundation in place tomorrow, I have some questions. 1) Where should a potential donor send a check? 2) Will any donation made to CSU after today be a charitable contribution? 3) Does CSU's new foundation have its 501(c)(3) designation in place for the opening of business tomorrow? 4) Who is the new head of the new CSU Foundation? What is going to happen to the current foundation employees?

2 comments:

Phillip BeverlyJun 30, 2015, 4:13:00 PM
Holy botched contract severances Batman! I would also like to know how the assets were distributed and how much the endowment is for the university as of the start of business tomorrow. I would imagine the assets haven't been distributed and the university's endowment is now ZERO. Thanks Board of Trustees.
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Tom PaineJun 30, 2015, 5:33:00 PM
1. Donations should be sent to Wayne Watson at Chicago State University 9501 S King Dr. Chicago, Il 60628

Make donations payable to Citizens United to Save Humanity. It is mandatory that you shorten that to its initials: C.A.S.H.
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Thanks to Haki Madhabuti

"1. He/she must be a scholar of national note, with significant peer review publications and books in his or her field. There must be no doubt as to his/her standing in the community of scholars. This would also include a history of the candidate’s participation in the appropriate professional organizations.

2. He/she must have served with distinction as the administrative head of a major unit within an institution of higher learning or at the important position of Provost and/or Dean. Of course, prior service at the presidential level is preferred.

3. He/she must have a documented history of raising significant monies from the private and public sectors. At most major and research one universities it is not unusual to expect the president to come with a plan to raise in excess of half a billion dollars or more in the first few years.

4. The prospective president must have a consensus buy-in from the faculty, students, administration and staff, therefore, arriving with a unity mandate to lead by joining a University community that has bought into his or her vision for the future."

From an open letter to the CSU Community, 2009.